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First, create extreme uncertainty (military threats, ultimatums), then release easing signals when market sentiment is near the breaking point, packaging "pause" as a "victory." This rhythm control is essentially no different from market manipulation in crypto—pumping, dumping, liquidating leverage—the core is all about managing expectations.
More importantly, the signals are released in a mixed manner: one side with hard signals like preparing for war and troop increases, and the other with soft signals like "progress in dialogue." This asymmetrical information fundamentally disturbs opponents' judgment, draining patience and decision-making space.
All actions ultimately revolve around controlling the key channels of a truly "underlying asset." Conflict is just surface-level; liquidity is the core.
For investment, what matters is never just a single piece of good or bad news, but recognizing the full cycle:
When risks are amplified to an extreme, it often means the negotiation window is opening;
When the "victory narrative" begins to unify, be wary of expectations being fulfilled.
The same applies macroeconomically and on-chain. #Gate广场四月发帖挑战